Selected Tag: Ganga Narayan Rath
Selected Tag: Ganga Narayan Rath
Ganga Narayan Rath

Ganga Narayan Rath

Ganga Narayan Rath is a former central banker and a contributor to leading financial publications. 

NSE’s Muted Debut Tests the Strength of India’s IPO Boom

NSE’s subdued listing, rising OFS share and weaker IPO pops show a primary market still breaking records, even as investors grow more selective and retail risks mount.

Ganga Narayan Rath

Chirayu Sharma

September 28, 2026 at 10:04 AM IST

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istock.com

UPI MDR: Who Benefits, and What Govt FAQ Doesn’t Answer

UPI’s MDR creates new revenue streams for banks and apps, but questions remain over governance, merchant bargaining power and fraud-victim protection

Anil Katia

Ganga Narayan Rath

September 17, 2026 at 5:06 AM IST

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istock.com

UPI's MDR: Wrong Instrument at the Wrong Rate

UPI’s new MDR shifts payment costs to merchants, but its ad valorem design raises questions over pricing logic, small-business impact and cash incentives.

Anil Katia

Ganga Narayan Rath

September 16, 2026 at 11:42 AM IST

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iStock.com

India's Polymer Banknote Moment Should Begin at Home, Not Abroad

As the RBI revisits polymer currency, India must look beyond durability and cost. The real challenge is building the technology at home before replacing paper notes.

Ganga Narayan Rath

Manas R. Das

July 17, 2026 at 11:38 AM IST

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The Bureau

Is the RBI Behind the Curve?
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Maneet Pal Singh